Eagle Asset Management Inc. boosted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,666 shares of the financial services provider’s stock after purchasing an additional 8,788 shares during the quarter. Eagle Asset Management Inc.’s holdings in Lloyds Banking Group PLC were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schafer Cullen Capital Management Inc. purchased a new stake in Lloyds Banking Group PLC in the first quarter valued at approximately $101,000. CAPROCK Group Inc. raised its stake in Lloyds Banking Group PLC by 33.1% in the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 7,632 shares in the last quarter. Signaturefd LLC purchased a new stake in Lloyds Banking Group PLC in the first quarter valued at approximately $125,000. Advisor Partners LLC raised its stake in Lloyds Banking Group PLC by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 20,020 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Lloyds Banking Group PLC by 174.6% in the first quarter. Eqis Capital Management Inc. now owns 38,950 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 24,765 shares in the last quarter. 2.12% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group PLC (NYSE LYG) opened at 3.45 on Wednesday. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $3.87. The company has a market cap of $54.92 billion, a PE ratio of 31.94 and a beta of 0.76. The stock has a 50 day moving average of $3.43 and a 200 day moving average of $3.50.

The business also recently declared a None dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, August 11th will be issued a dividend of $0.052 per share. This represents a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. Lloyds Banking Group PLC’s dividend payout ratio is presently 100.00%.

A number of equities research analysts recently weighed in on LYG shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, May 24th. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a research note on Wednesday, May 31st. ValuEngine downgraded shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Friday, July 14th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Lloyds Banking Group PLC has a consensus rating of “Hold” and a consensus target price of $3.75.

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About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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